Standard Lithium gets $100 million investment boost from Koch
Standard Lithium is also exploring opportunities to work with several Koch Industries subsidiaries in key areas of alignment with the its project development needs.
Standard Lithium is also exploring opportunities to work with several Koch Industries subsidiaries in key areas of alignment with the its project development needs.
Chinese media reports local comopanies are exploring for lithium under special licences in Afghanistan
"Prices are up over 230% year to date, really around a lack of available material," said Benchmark Mineral Intelligence.
As the world transitions to electric vehicles, the race is on to lock down the US domestic supply of this crucial mineral.
The company foresees annual production of over 436,000 tonnes of spodumene concentrate.
A sharp tightening of the market for lithium has seen prices double this year as demand is set to more than triple by 2025.
The deal comes a day after a deadline expired for CATL to respond to the Lithium Americas offer.
Fitch has revised up significantly both its lithium carbonate and hydroxide price forecasts from 2021 to 2026 to incorporate higher global EV sales assumptions.
The two companies will establish a long-term strategic partnership for the supply of spodumene concentrates.
"Structural shortage is set to hit in 2022," Benchmark Mineral Intelligence CEO Simon Moores tweeted recently.